Built a Bloomberg Terminal for PE × AI
147 funds. 5,426 portfolio companies. One question: who's actually ready for AI transformation?
The PE industry talks about AI constantly. But nobody’s built the infrastructure to actually score it.
So we did.
Ciridae Terminal is a Bloomberg-style intelligence terminal that maps AI transformation readiness across the private equity landscape — 147 funds, 5,426 portfolio companies, 27 industry verticals.
Every company gets scored on two dimensions:
Durability — how defensible is the business against AI disruption?
Opportunity — how much upside does AI unlock?
The result is four fund archetypes: Disruptors (high opportunity, low durability), Fortresses (high durability, low opportunity), Balanced (strong on both), and Mid (neither).
What you can do with it:
Rank funds by AI Score, AUM, returns, durability, opportunity
Click into any fund and see its portfolio companies ranked by AI transformation metrics
Ask natural language questions against the full dataset using your own Claude or ChatGPT API key
Run preset analyses: head-to-head fund comparisons, sector rankings, alpha target identification
Three funds. Three very different AI stories.
Thoma Bravo — The Pure-Play Software Disruptor
AI Score: 60.1 | $181B AUM | 61 portfolio companies
Thoma Bravo runs the most software-concentrated portfolio in PE. Every single holding is a software company. Their top-scoring companies tell the story: Magnet Forensics (AI Score 72.0) applies AI to digital forensics. SailPoint (68.9) and Proofpoint (64.8) sit at the intersection of cybersecurity and AI-driven threat detection. Imprivata (68.9) automates healthcare identity management.
The pattern: Thoma Bravo buys vertical software platforms where AI can deepen the moat. Their Opportunity score of 60.3 is the highest among large-cap PE funds — but their Durability of 60.5 means these companies are also exposed. High upside, but if AI commoditizes the software layer, the floor drops. Their 6-month comparable returns of -24.4% reflect this tension — the market is pricing in that risk.
The Carlyle Group — The Fortress at Scale
AI Score: 57.1 | $477B AUM | 97 portfolio companies
Carlyle is the anti-Thoma Bravo. Durability score of 69.7 — the highest among mega-funds. Their portfolio leans into sectors that are hard to disrupt: Quantum Leap (76.2) in aerospace defense, MAK-SYSTEM (73.3) in healthcare IT infrastructure, ADB Safegate (70.7) in airport systems. These are businesses where switching costs are measured in years, not months.
But Carlyle’s Opportunity score of 49.4 is below average. They own the castle, but they’re not building the catapult. The upside: Carlyle is the only mega-fund ($400B+) with positive 6-month returns (+0.5%). When AI disruption shakes the market, fortress portfolios hold.
EQT — The Healthcare Biotech Giant
AI Score: 55.8 | $246B AUM | 348 portfolio companies
EQT has the largest portfolio in our dataset by far — 348 companies. Their concentration in healthcare biotech is striking: Muna Therapeutics (76.2), Avidicure (75.2), Aerska (74.2), Egle Therapeutics (73.9) — all scoring in the top tier. These are companies where AI accelerates drug discovery and clinical workflows but can’t replace the underlying science.
EQT’s spread is the widest of any fund — scores range from 30.0 to 76.2. That variance is a feature, not a bug. Their alpha target Sagility (Opportunity: 80, Durability: 40) has a gap score of 40 — one of the highest in the dataset. High-opportunity, low-durability companies are where AI transformation creates the most value if you execute on it. EQT is betting they can.
What the data reveals
The highest-scoring sector? Government & Public Sector (AI Score: 63.7). Not tech. Not fintech. Government. The logic: massive legacy systems, enormous efficiency gains, and almost zero risk of displacement. AI doesn’t replace the DMV — it makes it functional.
The most dangerous sector for AI disruption? HR & Workforce (Durability: 44.8). Recruiting, staffing, workforce management — these are exactly the workflows AI automates first.
The biggest alpha opportunity? Companies with a high gap between Opportunity and Durability. Front Row (Charlesbank), KM2 (H.I.G.), Sideshow (Waterland) — all with gaps of 48.5 points. These are companies that AI can transform dramatically, but only if the PE sponsor acts fast before the durability floor gives out.
No backend. No login. No data collection. Users bring their own API key, stored only in their browser. Every AI query goes directly to Anthropic or OpenAI. We never touch it.
Try it: ciridae-terminal.vercel.app
Source: ciridae.com (reach out to the awesome team over there!)
